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You are here: Home / ukraine subreddit / Reuters reveals Italy masts M&A looms as government moves to cut Rai Way stake

Mar 16 2022

Reuters reveals Italy masts M&A looms as government moves to cut Rai Way stake

Reuters exclusively reported that Italy’s Prime Minister Mario Draghi has approved a decree allowing Italy’s state broadcaster RAI to cut its holding in towers unit Rai Way below 51%, in a move expected to trigger sector consolidation. The decree could pave the way for merger talks between Rai Way and EI Towers, the officials said, a long-mooted tie-up that would create a group worth more than 2 billion euros ($2.2 billion) in the television and radio mast sector.

The post Reuters reveals Italy masts M&A looms as government moves to cut Rai Way stake appeared first on Reuters News Agency.

Written by YucaTecha · Categorized: ukraine subreddit

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